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20121226
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NBC
Dec 26, 2012 6:30pm EST
would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up the harsh mechani mechanism, hoping it would force a compmise, but it hasn't. >> washington remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want to have themselves blamed for that. >> reporter: meanwhile, public pressure is mounting. countdown clocks are springing up, and today starbucks asked employees to begin writing "come together" on coffee
MSNBC
Dec 26, 2012 7:00am PST
bipartisan agreement that is have come to this congress, the multiple agreements to avert shutdown, a debt ceiling deal two summers ago, oftentimes started with negotiations between the speaker of the house and president and ended being mostly in negotiation between the two senate leaders, getting enough republican senate votes to give people in the house cover and providing a lot of democratic votes in the house to pass it. you will have conservatives in the house that aren't going to support any plan you put forward. >> regardless, right. >> so you need democratic support and this idea that what happened last week with the boehner back-up plan meant that no plan will pass at all is misguided. this is how it rolls out every time but it's a matter of how large in scope to be to get enough votes. you can't go too far in one direction and alienate democratic votes and in the other way the more middle of the road republicans who support boehner is going to need. >> some are saying it looks intractable given the sequester, the triggers that were put in to the deal and yet not being able to cob
CNN
Dec 26, 2012 11:00am PST
the economy and some argue they'll weaken the military. congress has seen this coming, but an effort to limit the damage failed last week. republican house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is supposed to be back, having cut his trip to hawaii short, the first lady, the girls are staying in hawaii. the senate is supposed to convene, but not necessarily the house. what is going to happen? >> reporter: well, we're not really sure. in fact, house republican leaders are having a conference call, i'm told, as we speak, to figure out that very question. they told their members that they would have 48 hours notice before they reconvene the house and so at the earliest, that would be on friday. but, you know, the action really is now going to begin in the senate. there isn't that much of a rush for the house to come back. and when i say action, even that is a question mark. whether t
MSNBC
Dec 26, 2012 1:00pm PST
working with congress to avert the looming fiscal cliff within the next six days. it's a matter that's been made all the more difficult with news today that speaker boehner's house will not be back to work on thursday. we've got kristen welker joining us from beautiful honolulu. that's a lovely spot there. >> it is. hey, karen. >> hey. wel get to the fiscal cliff in just a moment. we understand that you've just gotten word that the president is actually getting updates on the condition of former president rw bush. what can you tell us about that sfl. >> that's right. according to a senior official, president obama has been kept up to date on the condition of former president bush. he is recovering. he spent christmas in the hospital. doctors kept him there after concern that his fever was increasing. now, the senior administration officials won't confirm who's updating president obama. karen, it's not unusual for a sitting president to be kept in the loop when this type of situation arouss. when a former president is ill. so we are being told he has been kept in the loop. and of
CSPAN
Dec 26, 2012 7:00am EST
little extra. he did have a democratic congress. as a consequence, over the last six years from the time it's the policy became speaker of the house to read the financial crisis the next six years government spending has increased about $1.10 trillion. only about $350 billion of that has been for inflation. the rest of it has been a in addition to programs. we were told these programs in light of the recession and the financial crisis would be temporary. he repeatedly said, a temporary is a characteristic of the stimulus package that one. it has become a permanent. i think republicans are correct in saying we have a spending problem. in the last year before the financial crisis, government deficit was $161 billion. today it is almost one trillion dollars larger. two-thirds of that is additional spending. i think the republicans have a case. did the president get everything he wanted? no. i did not think every president has ever gotten everything he wanted. host:twitter question. guest: i did nothing there are taking a hard stance. the problem with $250,000 is it is not the altar ric
CNN
Dec 26, 2012 2:00am PST
democratic support in the house which speaker boehner was not relying on then. you look at this lo the judgically, this is entirely possible to get through congress, the issue is, it is politically possible to get through congress? we don't know the answer to that. >> thank you, brianna keilar. >>> police are investigating whether nbc's david gregory violated d.c. gun laws when he displayed what he described as a 30-round magazine during a "meet the press" interview. >> here is a magazine that carries 30 bullets. isn't it possible that we got rid of ese and said you can only have a magazine that carries five bullets or ten bullets, isn't it possible we could reduce the carnage? >> i don't believe that will make one difference. >> we don't know if that was authentic or a prop, but having a large-capacity ammunition device like a magazine is illegal in washington, d.c. if it holds more than ten rounds of ammunition, whether or not it's attached to a firearm. >>> los angeles, pushing up its gun buyback, in light of the newtown massacre it was originally set for next may. instead, it's
CNBC
Dec 26, 2012 6:00am EST
something the media isn't really picking up on much. >> the speaker. >> sorry. the speaker. for a deal which was never going to become law. remember, a member of congress, a republican, i know plenty of them, are willing to vote for revenue increases. they say we have this deal harry reid said the senate won't pick up and ask you to vote for revenue increase or tax hike, a lot of republicans will say hell no to that whereas they might vote for the larger deal that stands for a chance of addressing the fiscal cliff. >> congressman, what is the chance we're doing this in february alling to with t ing i together with the debt ceiling and everything combined. >> that is an interesting question. we are talking about the debt ceiling. here, you will see a slight change in style of congress. there is a camp in the republican camp that says let's do nothing until we get to debt ceiling because that re-established our ledge. there is a movement that the president and congress say we're not going to play hostage again where we get downgraded and the country is on a real cliff and not pay ou
FOX News
Dec 26, 2012 3:00am PST
and enjoy the company of loved ones and ask every member of congress when they are back home to think about that. think . obligations of people who cent us here. >> speaker boehner is expected to return to dc any time he with drew the republican plan b deal that extends tax cuts to everyone under millionaire. he was confident that the cliff could be avoided last time we heard from him. >> of course, hope springs eternal and i know we have in us to come together and do the right thing. we'll work on a plan to protect families and small businesses. >> and so there is time for a in person meeting. >> we are getting some twitter for rick. what is new york city looking like with a nor'easter on thursday. i want to know the answer on that. deadly storm system that pounded the midwest with storm and thousands of tornados heading northeast this morning. oh, my god. that is a tornado. oh, wow. oh, jesus, look at that tornado. >> gretchen: that funnel cocloud was spot indeed mobile, alabama and 10s of thens of people now without power. >> i prayed to god as loud as i could . praying for m
MSNBC
Dec 26, 2012 10:00am PST
congress and moving to the floor. that's something we haven't seen in quite a while, i'd say in the modern era. >> one of the odd things on the first day is elect a speaker. the majority party puts up -- this time it would be john boehner. the minority puts up their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> that's, i think, a point we've all been missing here is that after plan b's gone down, there seems to be some thinking, especially in boehner land, that we don't want our fingerprints on anything that could lead to some sort of conservative ensue su sure. >> it would be very embarra embarrassing. republicans voting for someone else or abstaining, they would have to probably shut the whole house down, have a whole meeting, drum up the votes. it would be
Search Results 0 to 8 of about 9